Sivia Capital Partners LLC Has $260,000 Stake in Everest Group, Ltd. $EG

Sivia Capital Partners LLC decreased its holdings in Everest Group, Ltd. (NYSE:EG) by 68.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 766 shares of the company’s stock after selling 1,626 shares during the quarter. Sivia Capital Partners LLC’s holdings in Everest Group were worth $260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bright Futures Wealth Management LLC. acquired a new stake in Everest Group in the 3rd quarter worth about $589,000. Skandinaviska Enskilda Banken AB publ raised its stake in Everest Group by 142.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 118,187 shares of the company’s stock worth $41,393,000 after purchasing an additional 69,346 shares in the last quarter. Causeway Capital Management LLC acquired a new stake in Everest Group in the 3rd quarter worth about $61,531,000. Vulcan Value Partners LLC raised its stake in Everest Group by 13.9% in the 3rd quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock worth $496,514,000 after purchasing an additional 172,479 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of Everest Group by 4,077.5% in the 4th quarter. M&T Bank Corp now owns 79,205 shares of the company’s stock valued at $26,878,000 after buying an additional 77,309 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 4.7%

Shares of Everest Group stock opened at $334.49 on Friday. The firm has a market capitalization of $13.24 billion, a PE ratio of 6.80, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $340.60 and its 200 day moving average is $331.75. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $368.29.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. The company had revenue of $4.07 billion for the quarter. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Equities research analysts forecast that Everest Group, Ltd. will post 52.62 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. Everest Group’s payout ratio is 16.27%.

Insiders Place Their Bets

In other Everest Group news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total transaction of $272,676.00. Following the sale, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at $2,874,532.80. The trade was a 8.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Citigroup boosted their target price on shares of Everest Group from $342.00 to $395.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. UBS Group set a $355.00 target price on shares of Everest Group in a research report on Thursday, May 21st. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research report on Friday, May 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Everest Group from $402.00 to $411.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Everest Group currently has an average rating of “Hold” and an average target price of $373.73.

Everest Group Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.